Use app for best experience!
Available for Android Device.

Global Surfaces Limited IPO Detail

Global Surfaces Limited IPO Detail

Incorporated in 1991, Global Surfaces Limited is engaged in processing natural stones and manufacturing engineered quartz.

Natural stones are produced through complex geological processes and forms various products like granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth.

The company has two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan, and the other at Mahindra World City SEZ, Jaipur, Rajasthan. Both units engage in the processing and manufacturing of the products.

The products of Global Surfaces Limited have applications in flooring, wall cladding, countertops, cut-to-size, and other items. The products are widely used for commercial and residential industries and are sold within and outside India.

Company Promoters

Mayank Shah is the Promoter of the Company.

IPO Details

IPO Opening DateMar 13, 2023
IPO Closing DateMar 15, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹133 - 140 per equity share
Market Lot100 Shares
Min Order Quantity100 Shares
Listing AtBSE, NSE
Issue Size₹154.98 Cr
Fresh Issue8,520,000 shares of ₹10 (aggregating up to ₹[.] Cr)
Offer for Sale2,550,000 shares of ₹10 (aggregating up to ₹[.] Cr)
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.01x 0.57x 0.62x - 0.43x
Day 2 0.04x 1.66x 1.47x - 1.10x
Day 3 8.95x 33.10x 5.12x - 12.21x

IPO Tentative Timetable

The Global Surfaces Limited IPO open date is Mar 13, 2023, and the close date is Mar 15, 2023. The issue may list on Mar 23, 2023.

IPO Open DateMar 13, 2023
IPO Close DateMar 15, 2023
Basis of Allotment DateMar 20, 2023
Initiation of RefundsMar 21, 2023
Credit of Shares to Demat AccountMar 22, 2023
IPO Listing DateMar 23, 2023

IPO Lot Size

The Global Surfaces Limited IPO market lot size is 100 shares. A retail-individual investor can apply for up to 14 lots (1400 shares or ₹196000).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding99.35%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crore)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 159.00 179.00 33.93
31-Mar-22 236.48 198.36 35.63
30-Sep-22 280.20 99.25 13.59

Objects of the Issue:

The Company proposes to utilize the Net Proceeds towards the funding of the following objects:

  1. Investment in the wholly owned subsidiary, Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates (UAE);
  2. General corporate purposes.

Global Surfaces Limited IPO Registrar:

Bigshare Services Pvt Ltd

Global Surfaces Limited IPO Lead Manager(s):

Unistone Capital Pvt Ltd

Company Contact Information:

Global Surfaces Limited

Plot No. PA-10-006, Engineering and Related Industries SEZ, Mahindra World City, Sanganer